According to a recent filing with the Securities and Exchange Commission, Rothschild Investment Corp IL has reduced its stake in Whirlpool Co. (NYSE:WHR) by 53.7% during the second quarter. The investment firm now holds 2,367 shares of the company’s stock, after selling 2,750 shares within the specified period. At the end of this reporting period, Rothschild Investment Corp IL’s holdings in Whirlpool were valued at $352,000.
Whirlpool also recently announced a quarterly dividend payment that took place on September 15th. Shareholders who were listed on record as of August 25th received a dividend worth $1.75 per share. This dividend amount corresponds to an annualized basis of $7.00 per share and yields at 5.38%. The ex-dividend date for this payout was noted as August 24th. Presently, Whirlpool’s dividend payout ratio stands at -24.59%.
Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances. It is recognized as one of the world’s largest manufacturers of household appliances such as refrigerators, washing machines, dryers, dishwashers, and more.
Investment firms like Rothschild Investment Corp IL play a crucial role in managing portfolios and making decisions regarding investments in various companies’ stocks or assets based on their analysis and market trends.
As for Whirlpool Co., it remains important to closely watch the company’s performance and financial indicators to better understand its position within the market and its prospects for growth. Investors may find consulting detailed stock analyses helpful when considering investment strategies related to Whirlpool or any other publicly traded company.
Please be advised that this information was accurate as of September 27th, 2023; however, current stock market conditions can cause fluctuations that may impact these figures at any given time.
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Whirlpool: Mixed Investor Activity and Analyst Opinions Surrounding Prominent Home Appliances Manufacturer
Whirlpool, a leading home appliances manufacturer, has seen recent activity in the investment world. Various large investors have bought and sold shares of the company, indicating ongoing interest in its stock.
Among these investors is Cutler Group LLC CA, which purchased a new stake in Whirlpool during the first quarter worth $28,000. Hall Laurie J Trustee also made a new investment in the company during the second quarter valued at $30,000. ICA Group Wealth Management LLC boosted its holdings in Whirlpool by an impressive 716.7% during the first quarter, acquiring 215 additional shares valued at $32,000. Point72 Asset Management L.P., on the other hand, purchased a new stake in Whirlpool during the fourth quarter valued at $32,000. Lastly, Geneos Wealth Management Inc. increased its holdings by 96.2% during the first quarter and now owns 204 shares worth $35,000.
It is worth noting that hedge funds and other institutional investors hold a significant 90.89% of Whirlpool’s stock.
Several research firms have also provided their insights on Whirlpool (WHR). Credit Suisse Group reaffirmed a “neutral” rating with a price target of $150.00 in July this year. Royal Bank of Canada upped their price objective from $118.00 to $121.00 in July as well. StockNews.com recently initiated coverage on Whirlpool and assigned it a “hold” rating. In contrast, Bank of America reduced its price target from $90 to $87 back in July.
Overall, there are mixed opinions about Whirlpool’s stock, with two investment analysts giving it a sell rating while three consider it as hold and one rates it as buy.The consensus rating from Bloomberg.com for Whirlpool currently stands at “Hold,” with an average price target estimated at $131.00.
Whirlpool’s shares on the New York Stock Exchange (NYSE) opened at $130.15 on September 27, 2023. The company has a debt-to-equity ratio of 2.92 and its current and quick ratios are 0.87 and 0.52 respectively. Moreover, Whirlpool has a fifty-day moving average price of $139.27 and a two-hundred-day moving average price of $138.39. In the past year, its stock has ranged from a low of $124.10 to a high of $160.74.
In terms of financial performance, Whirlpool last reported its quarterly earnings data on July 24th, 2023. The company exceeded analysts’ expectations by reporting earnings per share (EPS) of $4.21 for the quarter, surpassing estimates by $0.45. However, its revenue in the quarter was slightly lower than expected at $4.79 billion compared to the projected $4.81 billion figure from analysts.
Whirlpool did show an improved return on equity of 29.70%, but it also had a negative net margin of 8.13% during this period.The firm’s revenue for the quarter experienced a decline of 6% compared to the same period last year when it posted earnings per share of $5.97.
Looking ahead, equities analysts predict that Whirlpool will post earnings per share of around $16.47 for the current fiscal year.
Despite mixed opinions from research firms and varied investment activities from large investors, Whirlpool continues to be a prominent player in the home appliances market with its range of products enjoyed by consumers worldwide.
